Bharti Airtel to acquire 100% equity stake in Augere

Augere holds 20 MHz of BWA spectrum in Madhya Pradesh and Chhattisgarh circle

Bharti Airtel announced that it has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband India (Augere), which hold the 20 MHz of BWA spectrum in the telecom circle of Madhya Pradesh and Chhattisgarh. Upon acquisition, Augere will become a wholly owned subsidiary of Airtel. The acquisition is subject to necessary statutory and regulatory approvals.

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